Overview
What is Certificated Retirement Account Trust?
The Certificated Retirement Account Trust is a nonprofit entity based in Kentfield, California. Its primary mission is to offer monthly financial assistance to retired faculty members, aiming to alleviate their medical expenses. By providing these payments, the trust aims to support the retired faculty members in managing their healthcare costs effectively. The trust operates solely for this purpose, demonstrating its commitment to the well-being of its beneficiaries.
Is Certificated Retirement Account Trust legitimate?
Certificated Retirement Account Trust is a legitimate nonprofit organization registered as a 501(c)(11) entity. Certificated Retirement Account Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Certificated Retirement Account Trust?
The Certificated Retirement Account Trust's mission is centered around providing support to eligible retired faculty members. Specifically, it aims to offer regular monthly payments to help these individuals manage their medical expenses. This initiative is designed to alleviate some of the financial burden associated with healthcare costs during retirement. The trust's activities align with this mission, focusing on providing these monthly payments to eligible retirees.
Who is the CEO of Certificated Retirement Account Trust?
Patrick Kelly is the Trustee of Certificated Retirement Account Trust.
What is the revenue of Certificated Retirement Account Trust?
Certificated Retirement Account Trust's revenue in 2021 was $342,251.
Who are the executives of Certificated Retirement Account Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Certificated Retirement Account Trust?
Certificated Retirement Account Trust's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Certificated Retirement Account Trust
The Certificated Retirement Account Trust is committed to a mission that involves offering monthly payments to eligible retired faculty members. This mission is aimed at alleviating the financial burden associated with medical expenses. By providing these regular payments, the Trust seeks to enhance the financial well-being of its retired faculty members, enabling them to manage their medical costs more effectively. The goal is to contribute positively to the overall quality of life of these individuals during their post-retirement years.
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Impact
October, 2024
Certificated Retirement Account Trust has a significant impact on the financial well-being of retired faculty by providing monthly payments specifically aimed at offsetting medical costs. This support addresses a crucial need for many retirees, who often face escalating healthcare expenses post-retirement. By alleviating some of these financial burdens, the Trust enables recipients to enjoy a more secure and stable retirement.
Located in Kentfield, California, the Trust plays a vital role in enhancing the quality of life for eligible retired faculty members. The financial assistance not only helps cover immediate medical expenses but also contributes to their overall peace of mind, allowing them to focus on their health and well-being during their retirement years. The Trust's mission is essential in fostering a community of mutual benefit, enhancing support mechanisms that recognize and honor the contributions of retired educators.
This information is meant to be a general summary of Certificated Retirement Account Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $225,848
- Program Service Revenue: $116,403
- Gross Receipts: $342,251
Assets and Liabilities:
- Total Assets: $1,947,177
- Total Liabilities: $0
- Net Assets: $1,947,177
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Marin CC Contributions
Revenue
$116,403
Organization Details
Founding Year
1998
Phone
(530) 400-9386Principal Officer
Patrick Kelly
Main Address
PO Box 503, Kentfield, CA, 94914
NTEE Category
Code: Y30 - Mutual benefit
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